Economics News Results

  • Brazil Nov. Trade Balance Swung to $1.3 Billion Deficit as Exports Fell

    SAO PAULO--Brazil's trade balance swung to a deficit in November from a surplus the previous month as exports declined and imports increased, the country's economy ministry said Wednesday. The country recorded a deficit of $1.3 billion in November, after a surplus of $2.0 billion in October. Brazilian exports fell to $20.3 billion last month, from $22.5 billion in October, while imports increased to $21.6 billion in November from $20.5 billion a month earlier.

  • Brazil reports $1.3 bln November trade deficit

    Brazil posted a trade deficit in November of $1.3 billion, according to data released by the nation's Economy Ministry on Wednesday, slightly larger than the $1.2 billion deficit forecasted in a Reuters poll of analysts. Exports totaled $20.3 billion during the period, while imports totaled $21.6 billion, according to the data.

  • Powell says Fed policy must address range of plausible outcomes

    With the U.S. economy growing strongly and supply-demand imbalances poised to persist in the near future, policymakers need to be ready to respond to the possibility that inflation may not recede in the second half of next year as expected, Federal Reserve Chair Jerome Powell said on Wednesday.

  • U.S. Factory Activity Expanded Strongly in November; Supply-Chain Strains Eased Modestly -- ISM

    Factory activity across the U.S. kept bustling in November on strong demand, with firms reporting tentative signs that supply-side constraints eased somewhat, according to a survey of purchasing managers released Wednesday. The ISM Manufacturing Report on Business PMI rose to 61.1 in November from 60.8 in October, data from the Institute for Supply Management show. The reading came in line with the consensus forecast from economists polled by The Wall Street Journal.

  • CANADA FX DEBT-Canadian dollar rallies as oil producers mull future output

    The Canadian dollar strengthened against its U.S. counterpart on Wednesday as oil prices rebounded and domestic data showed manufacturing activity expanding at a still-robust pace in November in ...

  • Construction spending rises moderately in October

    U.S. construction spending rebounded less than expected in October as a decline in homebuilding blunted a surge in outlays on public projects. The Commerce Department said on Wednesday that construction spending gained 0.2% after dipping 0.1% in September.

  • Construction spending rises moderately in October

    U.S. construction spending rebounded less than expected in October as a decline in homebuilding blunted a surge in outlays on public projects. The Commerce Department said on Wednesday that construction spending gained 0.2% after dipping 0.1% in September.

  • U.S. Manufacturing Sector Kept Momentum in November -- IHS Markit

    Factory activity in the U.S. grew robustly in November, albeit at the slowest pace in 11 months as labor and supply bottlenecks continued to hit production, according to a survey of purchasing managers released Wednesday. The IHS Markit final U.S. Manufacturing Business Activity PMI stood at 58.3 in November, marginally down from 58.4 in October, and below the preliminary estimate of 59.1.

  • Unemployment Rate Seen Ticking Down Again -- Data Week Ahead

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. Forecasts were last updated Monday afternoon. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Thursday 0830 Jobless Claims Nov 27 240 K 199 K Friday 0830 Nonfarm Payrolls Nov +573 K +531 K 0830 Unemployment Rate Nov 4.5% 4.6% 0830 Avg.

  • U.S. manufacturing sector picks up in November - ISM

    U.S. manufacturing activity picked up in November amid strong demand for goods, keeping inflation high as factories continued to struggle with pandemic-related shortages of raw materials. The Institute for Supply Management said on Wednesday its index of national factory activity increased to a reading of 61.1 last month from 60.8 in October.

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